Mastercard has launched an advanced version of Decision Intelligence Pro employing generative AI.

The updated system analyzes one trillion data points to assess transaction legitimacy.

Average fraud detection rates are expected to improve by 20%, with peaks up to 300% in certain cases.

The technology promises to cut down false positives by over 85%, enhancing the precision of fraud prevention.

Competitors like Visa and PayPal are also investing in AI to bolster anti-fraud measures in the payment sector.